Nifty Prediction For December 1

Nifty Prediction For Next Week: Indian equity benchmarks ended almost flat in a highly volatile session on Friday, November 29, a day after hitting fresh record highs. Breaking a two-day winning streak, the BSE Sensex slipped 13.71 points, or 0.02 per cent, to close at 85,706.67. During the session, it touched an intra-day high of 85,969.89 and a low of 85,577.82. The NSE Nifty50 also edged lower by 12.60 points, or 0.05 per cent, to settle at 26,202.95.

On Thursday, both benchmark indices had scaled fresh lifetime highs after a gap of 14 months, with the Sensex touching 86,055.86 and the Nifty hitting 26,310.45 in intraday trade. On a weekly basis, the Sensex gained 474.75 points, or 0.55 per cent, while the Nifty advanced 134.80 points, or 0.51 per cent.

Sensex Outlook: Key Levels to Watch

Technically, 86,045 remains the immediate resistance for the Sensex. A breakout above this level could pave the way for a fresh rally, while a fall below 85,500 may trigger further short-term weakness. Hitesh Tailor, Research Analyst at Choice Equity Broking, said the Sensex may consolidate in the coming week after reaching record highs. He sees immediate resistance at 86,000, with fresh buying likely on a decisive close above this level. On the downside, the 85,200–85,300 zone is expected to act as strong near-term support.

Top Five Triggers for the Indian Stock Market This Week

RBI Monetary Policy Meeting

The Reserve Bank of India’s Monetary Policy Committee, led by Governor Sanjay Malhotra, will meet from December 3 to 5, with the repo rate decision due on December 5. The RBI has kept the repo rate unchanged at 5.5 per cent since August after cutting it by a cumulative 100 basis points in the first half of the year. Market participants will closely track commentary on inflation, growth and the future rate-cut outlook.

Auto Sales Data

November automobile sales figures, scheduled for release on December 1, will be in sharp focus. Strong sales across passenger vehicles, two-wheelers and commercial vehicles could revive demand optimism, while weaker numbers may raise concerns over margins and rural consumption.

Key US Economic Data

Wall Street faces a full trading week, though data releases remain relatively light. Investors will track the delayed September reading of the Federal Reserve’s preferred inflation gauge. The ADP National Employment Report for November will be released on Wednesday, while the Bureau of Economic Analysis will publish the delayed PCE and Core PCE inflation data on Friday.

India–US Trade Deal

India is expected to finalise a trade agreement with the United States by the end of the year, as most unresolved issues have been settled, according to the country’s trade secretary. US President Donald Trump earlier said talks with Prime Minister Narendra Modi were progressing well. However, the US has imposed tariffs of up to 50 per cent on Indian imports since late August.

FII and DII Activity

On Friday, Foreign Institutional Investors sold equities worth Rs 3,795.72 crore, while Domestic Institutional Investors purchased shares worth Rs 4,148.48 crore, according to exchange data.

Gold Prices

Gold prices rose by Rs 700 on Friday to Rs 1,30,160 per 10 grams in Delhi on the back of positive global cues and strong investor demand. Gold with 99.5 per cent purity also climbed Rs 700 to Rs 1,29,560 per 10 grams. Meanwhile, spot gold gained 1 per cent to a two-week high globally on expectations of a US rate cut next month, boosting demand for the non-yielding metal. Silver also surged to a fresh all-time high.

Nifty Outlook for Monday, December 1

According to Pravesh Gour, Senior Technical Analyst at Swastika Investmart, Nifty is in a consolidation phase after hitting fresh record highs, suggesting profit booking at elevated levels. The index remains above short-term moving averages, keeping the broader bias positive. The 26,142–26,310 zone is crucial — a breakout could drive the index toward 26,405 and 26,570, while a slip below 26,150 may result in a corrective move toward 26,025 and 25,850.

Ravi Singh, Chief Research Officer at Master Capital Services, said Nifty continues to trade comfortably above its 21-day and 55-day EMAs, reinforcing a strong bullish setup. The MACD remains positive, suggesting continued momentum. He recommends a buy-on-dips strategy, with fresh longs around 26,050–26,000 and a stop-loss at 25,750. On the upside, Nifty could move toward the 26,500 level in the near term.

Bank Nifty Outlook

Bank Nifty scaled a fresh all-time high of 59,866 and extended its winning streak for the fifth straight week. The index continues to outperform, backed by strong participation from major banking stocks. A decisive move above 60,000 could push the index toward 60,300–60,400, while 59,400 and 59,000 are seen as key support levels on pullbacks.

Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.